SC 13G/A 1 elliottdavis-13ga_030310.htm elliottdavis-13ga_030310.htm


 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
     
 
SCHEDULE 13G
(Rule 13d-102)
 
Information to be Included in Statements Filed Pursuant § 240.13d-l(b),
(e) and (d) and Amendments Thereto Filed Pursuant to § 240.13d-2.
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 
GENOIL, INC.
 
 
(Name of Issuer)
Common Stock
 
 
(Title of Class of Securities)
371924101
 
 
(CUSIP Number)
 
 
 
February 28, 2010
 
 
 (Date of Event which Requires Filing of this Statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 
    þ Rule 13d-l(b)
 
    r Rule 13d-l(c)
 
    r Rule 13d-l(d)
 
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
 
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
 
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
 
 

 
SCHEDULE 13G
CUSIP No. 371924101
 
  Page 2 of 5

 
1
NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (Entities Only)
 
Elliott Davis Investment Advisory Services, LLC
51-0568257
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP 
  (a)o
  (b) ¨
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
USA
 
NUMBER OF SHARES
 
 
5
SOLE VOTING POWER
 
N/A
 
BENEFICIALLY
 
 
6
SHARED VOTING POWER
 
N/A
 
OWNED BY EACH
REPORTING
 
7
SOLE DISPOSITIVE POWER
 
N/A
 
PERSON WITH
 
8
SHARED DISPOSITIVE POWER
 
N/A
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
N/A
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
N/A
 
 
12
TYPE OF REPORTING PERSON
 
IA
 
 
 

SCHEDULE 13G
CUSIP No. 371924101
 
  Page 3 of 5
 

Item 1.
 
  (a)
  Name of Issuer
 
  Genoil, Inc.
 
  (b)
  Address of Issuer's Principal Executive Offices:
 
Genoil, Inc.
#2020, 633 – 6 Ave. SW
Calgary, A0 T2P 2Y5
 
Item 2.
 
 (a)
  Name of Person Filing:
 
Elliott Davis Investment Advisory Services, LLC
   
 (b)
  Address of Principal Business Office or, if none, Residence:
 
Elliott Davis Investment Advisory Services, LLC
124 Verdae Boulevard, Suite 504
Greenville, SC 29607
   
 (c)
  Citizenship:
 
USA
   
 (d)
  Title of Class of Securities:
 
Common Stock
   
 (e)
  CUSIP Number:
 
371924101
 
Item 3. If this statement is filed pursuant to §§ 240.13d-l(b), or §§ 240.13d-2(b) or (c), check whether the person filing is a;
 
 (a)
 o     Broker or dealer registered under section 15 of the Act.
   
 (b)
 o     Bank as defined in section 3(a)(6) of the Act.
   
 (c)
 o     Insurance company as defined in section 3(a)(19) of the Act.
   
 (d)
 o     Investment company registered under Section 8 of the Investment Company Act of 1940.
   
 (e)
 þ     An investment adviser in accordance with § 240.l3d-1(b)(l)(ii)(E).
   
 (f)
 o     An employee benefit plan or endowment fund in accordance with § 240.13d-l(b)(l)(ii)(F).
   
 (g)
 o     A parent holding company or control person in accordance with § 240.13d-l(b)(1)(ii)(G).
   
 (h)
 o     A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
   
 (i)
 o     A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act.
   
 (j)
 o     A non-U.S. institution in accordance with § 240.I3d-I(b)(l)(ii)(J).
   
 (k)
 o     Group, in accordance with § 240. 13d-l(b)(l)(ii)(K). If filing as a non-U.S. institution in accordance with § 240. 13d-l(b)(I)(ii)(J), please specify the type of
 
             institution:                                  
 
 

SCHEDULE 13G
CUSIP No. 371924101
 
  Page 4 of 5
 
Item 4
 
 (a)
  Amount beneficially owned:
 
N/A
   
 (b)
  Percent of class:
 
N/A
   
 (c)
  Number of shares as to which such person has:
   
(i) Sole power to vote or to direct the vote
   
N/A
   
   
(ii) Shared power to vote or to direct the vote
   
N/A
   
   
(iii) Sole power to dispose or to direct the disposition of
   
N/A
     
   
(iv) Shared power to dispose or to direct the disposition of
   
N/A
 
Item 5. Ownership of Five Percent or Less of a Class.
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following    þ
 
Item 6. Ownership of Five or More Percent on Behalf of Another Person
 N/A
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
 N/A

Item 8. Identification and Classification of Members of the Group.
 N/A

Item 9. Notice of Dissolution of Group.
 N/A

Item 10. Certifications.
 
By signing below I certify that to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
 

 
SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true complete and correct.
 
   
March 3, 2010
 
       
       
   
/s/ Philip Brice       
 
   
Philip Brice
President